DOGE is dumping hard, but history suggests a target as high as $7

Dogecoin is trading near $0.18 after a weekly decline of 29%. Analysts are tracking repeating cycles that could push the price to $5-$7 if trends continue.

Dogecoin is trading around $0.18, after dropping more than 29% in the past week. In the past day alone, the asset is down 9%.

Despite the decline, some analysts point to long-term price patterns that may repeat themselves. If the structure follows previous cycles, a sharp rise could follow.

Dogecoin follows repetitive market cycles

Bitcoinsensus’ chart shows three repeating cycles in Dogecoin’s history. Each phase starts with a big drop, followed by a long sideways phase and then a strong rally.

$DOGE MONTHLY MACROCYCLES 📐📈

Could 7$ be next in this cycle?

Looking at the previous price history on #Dogecoinit has always followed the same market structure and ended with a huge move at the end of the cycle. 💥

If we were to repeat the same script, Doge might see… pic.twitter.com/eWlrPhKHvV

— Bitcoinsensus (@Bitcoinsensus) October 16, 2025

Cycle 1 increased the gain to over 5,800% at the end. Cycle 2 growth was even greater, exceeding 21,000% and reaching $0.74 in 2021. Indications of cycle 3 are already visible. Assuming the same scenario happens again, the price could then go to $5 to $7. So far, the scheme remains legitimate (although unlikely), but a breakthrough has not occurred.

Weekly chart shows possible rebound settings

A graph shared by Trader Tardigrade shows Dogecoin weekly. It highlights a long lower fuse, similar to that of previous rallies.

The chart uses a wave structure, which suggests that DOGE may be nearing the end of a correction. If this is true, the next move could form wave five, which could lead to higher prices. The projected path shows an increase towards $1.50. For that to happen, the asset must stay above the key support levels and overcome the resistance.

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Another one after from Trader Tardigrade shows Dogecoin in three phases: consolidation, slow trend and parabolic movement. The current phase is labeled as parabolic, based on rising lows and stronger price movements.

If the path holds, the chart points to a possible rise above $1. This move relies on continued strength and steady purchases over time. The design builds on price history from previous cycles.

Current market position

This week, Dogecoin emerged as the biggest loser among the top 20 cryptocurrencies. The current price is around $0.18, accompanied by a 24-hour trading volume of over $3.6 billion.

However, the launch of House of Doge via a Nasdaq merger also adds to its longer-term market presence. Currently, traders are watching crucial points to determine whether the formation will lead to a robust price increase.